Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: stocks
Stocks: AMC, DIS, JWN, SDS, SKF, SPY, SRTY, TSLA, UAA

Markets Live Recap: Why Stocks Cratered to End the Week

By Money Morning Staff Reports, Money Morning • May 1, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Stocks fell to close the week after Amazon and Apple's earnings reports yesterday.

With most of the economy closed, there's not a lot of optimism among investors that next week's earnings reports will be able to drive the market higher.

And to add to that, there are rumblings that the United States may impose more tariffs on China.

The Dow fell 622 points, or about 2.5% to close the day.

Here's how our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - think investors should be positioning themselves headed into the weekend and what to expect next week.

Chris Johnson (8:45 a.m. EDT)

  • Chris thinks stocks are ripe for a pullback that will continue into next week.
    • We've seen irrational buying in the wake of the Fed announcements and earnings results.
    • More than 60% of S&P 500 and Nasdaq 100 stocks are overbought
  • Chris expects poor earnings to come from the companies that report next week. That will likely take the market lower along with additional unemployment gains.
    • Investors would be wise to tighten their limit sell orders, especially on profitable positions.
    • You could also dollar-cost average into some protective hedged positions like SDS, SRTY, and SKF.

Tom Gentile (11 a.m. EDT)

  • Tom gave live viewers free access to his most recent newsletter. In it, he takes an in-depth look at the Fed, SPY, TLT, FXE, and USO.
    Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
    • You can find the full report here.
  • Starting Monday, Tom will only be conducting his "Markets Live" session once a week (every Monday). That's because, starting Tuesday, Tom is starting a new and exclusive two-month mentorship for a small group of investors... It's called the "Triple Threat Trading System," and it includes:
    • How the triple threat system works with proven back-tests that can be applied to trading patterns with high probabilities of success.
    • Stock selection - how to build a stock list with all the options essentials you'll need to trade within your system.
    • How to build your own trading system and master your strategy.
    • Sign up for the free event from 2 p.m. to 3:30 p.m. EDT on Tuesday May 5, here.

D.R. Barton, Jr. (1:30 p.m. EDT)

  • D.R. thinks investors should continue to stay away from the airlines.
    • The airline industry is one of the last businesses that will see customers return, even if governments are successful in reopening their economies. Not only will leisure travel be disrupted, but business travel may see a permanent reduction because more businesses are discovering they can do the same work remotely.
  • Yesterday, D.R.'s advice to buy puts on the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) and AMC Entertainment Holdings Inc. (NYSE: AMC) paid off.
    • The SPY closed down 2.6%, and AMC was down 7%.
  • But today, D.R. is not waiting for life to return to normal... and neither should you.
    • That's why he just launched a new service to give you a competitive advantage - today - that can help you make 100% gains every nine trading days on average.
    • Here's how to do it.

Shah Gilani (3:45 p.m. EDT)

  • Shah is bearish and thinks the negative momentum we experienced today will continue next week.
  • He's bearish on these stocks in particular:
    • Tesla Inc. (NASDAQ: TSLA) - Shah is confused by the comments today from Elon Musk, who said he thinks the stock is overvalued.
    • The Walt Disney Co. (NYSE: DIS) - Shah is anticipating disappointing earnings when it reports earnings next week, on May 5.
    • Shah is also bearish on Nordstrom Inc. (NYSE: JWN) and Under Armour Inc. (NYSE: UAA) because retail clothing sales are not essential.

Catch us tomorrow - starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.

If you missed our live streams today, you can now replay them on our YouTube channel, here.

Got a question you want our experts to cover? Send us a note.

This Fast Money Move Could Make You $4,238

America's No.1 Pattern Trader is going live on camera to show readers how they can make hundreds, even thousands, of dollars in extra income.

You see, he's found a way to predict the future buying patterns of nearly every stock on the market. And with this trick, he's lining up major payday appointments left and right.

We're talking about cashing in on some of the biggest stocks on the market: Netflix, Apple, Facebook, even Amazon.

The best part is this options trading strategy is super easy to understand and even easier to put into action.

All it takes is three simple steps and a few clicks of your mouse, and you're on your way to what could be life-changing wealth...

Click here to see how he does it.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

May 27, 2023 • By Garrett Baldwin

postcards from the florida republic - may 27

May 26, 2023 • By Garrett Baldwin

Here's Your (Surprising) Best Bet in a U.S. Default

May 26, 2023 • By Shah Gilani

earnings
The Five Things You Need to Know Before Buying Any Stock
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz